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Tron CEO Justin Sun Has His Account Shut Down on Chinese Twitter

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Thu, 12/12/2019 - 15:08
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Alex Dovbnya
Tron CEO Justin Sun gets ousted from the biggest Chinese microblogging website
Tron CEO Justin Sun Has His Account Shut Down on Chinese Twitter
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According to Dovey Wan of Primitive Ventures, Tron CEO Justin Sun was banned from Weibo, the biggest microblogging platform in China.

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Marketing gimmicks

As reported by U.Today, Sun got in trouble on his home turf after overmarketing his lunch with Warren Buffett that, sadly for Tron fans, never happened. 

Wan points out that Sun didn't learn from his mistakes after that drama and continued to be "loud" on Weibo but the platform eventually decided to shut him down.  

The avocado-loving CEO faces a lot of criticism because of his aggressive marketing tricks that include failed Tesla giveaways.  

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Decentralized social media  

As reported by U.Today, Weibo banned the official accounts of Tron and Binance for "violation of law and regulation" on Nov. 15. Wan claims that the account of Binance and its CEO Changpeng Zhao are still up and running. 

Binance CEO was quick to weigh in on Weibo ousting Sun, claimed that it confirms a need for a decentralized social media protocol that was recently proposed by Jack Dorsey

That said, Sun claims that Tron is "super safu" while promising to resolve the unfortunate situation as soon as possible.              

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Blockchain, not crypto 

China decided to double down on its cryptocurrency clampdown after President Xi Jinping's endorsement of the blockchain technology a new wave interest in the speculative asset class.  

That said, China still controls a whopping 66 percent share of Bitcoin's global hash rate despite banning the top cryptocurrency in September 2017.    

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.